Tag Archives: Grounds

Wall Street reacts to Boeing’s plunge after FAA grounds 737 MAX jets

Wall Street reacts to Boeing’s plunge after FAA grounds 737 MAX jets

Boeing (BA) stock tumbled on Monday, falling more than 8% in morning trading after the Federal Aviation Administration ordered the temporary grounding of some Boeing 737 Max 9 jets. The planes under question are fitted with a door plug that flew off an Alaskan Airlines plane midair on Friday. The order from the FAA will impact 171 planes. Friday’s incident isn’t the first time the 737 Max has been under scrutiny. Two fatal crashes in 2018 and 2019 that together killed all 346 passengers and… Source link

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